Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

There is no obligation to disclose any data to shareholders except in the event of accidental data release (i.e. 2 people with undisclosed trial knowledge were overheard in a cocktail lounge). Obligation to disclose covers prohibition of selective release (i.e. sharing with only large shareholders so they can front load or liquidate). The only SEC obligation is to not release data to any shareholders or other non-insider parties without sharing with all through a public release.

There is one work around for “public release” (and this is partly my own interpretation), Leo can publicly release data in an SEC filing, and I see no way Leo can justify avoiding reporting results in the next 10Q. That’s because the 10Q includes significant events (my phrasing) and a trial outcome would be significant.

All above said, we need a data release by next Sunday (Halloween) to meet his previous shareholder guidance, or a PR giving a credible explanation why not.

I’m actually saying the same. It’s an obligation to disclose